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Medication Management Market Size, Trends, Forecast 2023-2028

The latest research study ” Medication Management Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028 ” by IMARC Group, finds that the lobal medication management market size reached US$ 2.7 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 4.5 Billion by 2028, exhibiting a growth rate (CAGR) of 8.60% during 2023-2028.

Medical management includes medication reconciliation, monitoring, and ensuring that patients achieve their desired results by designing treatment plans and supervising their effectiveness and safety. As part of the process, patients and their caregivers are engaged and educated regarding safety and adherence concerns. A medication management system, which is included in healthcare reforms, enhances dispensing of medicines and inventory management. In addition to this, it suggests reminder and organizational tools that are more comfortable for patients, leading to a substantial improvement in both outcomes and safety. As such, medication management services decrease the prevalence of chronic diseases and mortality rates, thereby making healthcare safer and more reliable.

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Medication Management Market Trends and Drivers:

The rising investments by healthcare facilities to improve workflow and operational efficiency and the inflating need for minimizing medical errors are among the primary factors driving the medication management market. Additionally, the increasing workload on healthcare providers for offering efficient administration and preservation of the records is further increasing the market growth. Besides this, the emerging trend of automating workflow control solutions via the use of advanced technologies in the medical sector is catalyzing the global market. Moreover, the expanding geriatric population, who are more susceptible to various health conditions, is acting as another significant growth-inducing factor. Apart from this, an enhanced focus on value-based medicine is also stimulating the market growth. Furthermore,

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Competitive Landscape:

The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.

Allscripts Healthcare Solutions Inc.
ARxIUM Inc.
Becton Dickinson and Company
BIQ Health Solutions
Cardinal Health Inc.
Mckesson Corporation
Omnicell Inc.
Optum Inc. (UnitedHealth Group Incorporated)
Oracle Corporation and Talyst LLC (Swisslog Healthcare)

Breakup by Software:

Computerized Physician Order Entry System
Clinical Decision Support System
Administration Software
- Electronic Medication Administration Record (EMAR) Software
- Barcode Medication Administration (BMA) Software
Inventory Management System
Automated Dispensing Systems
- Centralized Automated Dispensing Systems
  - Robots/Robotic Automated Dispensing Systems
  - Carousels
- Decentralized Automated Dispensing Systems (Ads)
  - Pharmacy-Based Decentralized Automated Dispensing Systems
  - Ward-Based Decentralized Automated Dispensing Systems
  - Automated Unit-Dose Decentralized Automated Dispensing Systems
Assurance System

Breakup by Services:

Medication Analytics Services
Point-Of-Care Verification Services
Adverse Drug Event (ADE) Surveillance Services

Breakup by Mode of Delivery:

Web-based
Cloud-based
On-premises

Breakup by End User:

Pharmacies
Hospitals
Others

Breakup by Region:

North America: (United States, Canada)
Asia Pacific: (China, Japan, India, South Korea, Australia, Indonesia, Others)
Europe: (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
Latin America: (Brazil, Mexico, Others)
Middle East and Africa

Key highlights of the report:

Market Performance (2017-2022)
Market Outlook (2023- 2028)
Porter’s Five Forces Analysis
Market Drivers and Success Factors
SWOT Analysis
Value Chain
Comprehensive Mapping of the Competitive Landscape

If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.

About Us:

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

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Polyphenols Market Size, Share, Trends, Report 2023-2028

IMARC Group, a leading market research company, has recently releases report “Polyphenol Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028” The global polyphenol market size reached US$ 1.9 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 2.7 Billion by 2028 exhibiting a growth rate (CAGR) of 6.4% during 2023-2028.

Polyphenols are naturally occurring substances found primarily in fruits, vegetables, cereals, dry legumes, chocolate, and beverages such as wine and tea. They are characterized by multiple phenol units in their molecular structure, which contributes to their potential health benefits. They exhibit antioxidant, anti-inflammatory, and anticarcinogenic properties and help neutralize harmful free radicals in the body, reduce inflammation, and potentially prevent cancer cell development. They aid in protecting cells against oxidative stress and neurodegenerative diseases. Besides this, as they help improve digestion, support weight management, and regulate blood sugar levels, the demand for polyphenols is increasing globally.

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Polyphenol Market Trends and Drivers:

The rising prevalence of chronic diseases, which include diabetes, cardiovascular diseases, and types of cancers represents one of the key factors increasing the consumption of polyphenol-rich products. Additionally, the incorporation of polyphenols in dietary supplements due to their beneficial health properties is positively influencing the market. Apart from this, the increasing use of polyphenols in cosmetics, on account of their anti-aging properties and benefits in skincare, is strengthening the market growth. Furthermore, the growing popularity of functional foods and beverages enriched with health-boosting compounds like polyphenols is offering a favorable market outlook. Moreover, the advent of advanced extraction techniques, which allow for the efficient and cost-effective extraction of polyphenols from various plant sources, is driving the market.

Who are the key players operating in the industry?

The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.

Ajinomoto Co. Inc.
Aquanova AG
Archer-Daniels-Midland Company
Cargill Incorporated
HLER GmbH
FutureCeuticals Inc.
Givaudan SA
Groupe Berkem
Indena S.p.A.
Kemin Industries Inc.
Koninklijke DSM N.V.
Martin Bauer GmbH & Co. KG and Sabinsa Corporation.

The report has been segmented the market into following categories:

Breakup by Source:

Fruits
Vegetables
Cocoa
Others

Breakup by Product Type:

Apple
Green Tea
Grape Seed
Others

Breakup by Type:

Flavonoid
Resveratrol
Phenolic Acid
Others

Breakup by Form:

Liquid
Powder
Others

Breakup by Application:

Functional Foods
Dietary Supplements
Functional Beverages
Others

By Geography:

North America: (United States, Canada)
Asia Pacific: (China, Japan, India, South Korea, Australia, Indonesia, Others)
Europe: (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
Latin America: (Brazil, Mexico, Others)
Middle East and Africa

Key highlights of the report:

Market Performance
Market Outlook
Porter’s Five Forces Analysis
Market Drivers and Success Factors
SWOT Analysis
Value Chain
Comprehensive Mapping of the Competitive Landscape

If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.

About Us:

Contact US

IMARC Group

134 N 4th St. Brooklyn, NY 11249, USA

USA: +1-631-791-1145 | Asia: +91-120-433-0800

Email: sales@imarcgroup.com

LinkedIn: https://www.linkedin.com/company/imarc-group/mycompany/

Automotive Instrument Cluster Market Share, Top Manufacturers, Report 2023-2028

IMARC Group, a leading market research company, has recently releases report titled “Automotive Instrument Cluster Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028.” The global automotive instrument cluster market size reached US$ 7.8 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 11.4 Billion by 2028, exhibiting a growth rate (CAGR) of 6.2% during 2023-2028.

What is Automotive Instrument Cluster?

An automotive instrument cluster is a crucial component in the dashboard of a vehicle that provides essential information to the driver about the status and performance of a vehicle. It serves as a central display unit that combines various indicators, gauges, and digital screens to convey critical data, such as speed, fuel level, engine temperature, and warning signals. It enables drivers to monitor the condition of the vehicle and make informed decisions while driving. As it offers a user-friendly experience and assists in enhancing driving safety, efficiency, and overall user satisfaction, the demand for automotive instrument clusters is increasing across the globe.

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What are the growth prospects and trends in the Automotive Instrument Cluster industry?

At present, the rising demand for instrument clusters that seamlessly integrate with in-car infotainment systems, navigation tools, and vehicle diagnostics represents one of the key factors driving the market positively. In addition, the increasing adoption of electric and hybrid vehicles among the masses around the world is contributing to the growth of the market. Moreover, the growing demand for improved safety and enhanced driving experience among individuals is offering a positive market outlook. Besides this, the increasing focus on environmentally friendly vehicles is impelling the growth of the market. Furthermore, the rising integration of advanced driver assistance systems (ADAS) for safe driving is bolstering the growth of the market.

What is included in market segmentation?

The report has segmented the market into the following categories:

Breakup by Cluster Type:

Analog
Digital
Hybrid

Breakup by Vehicle Type:

Passenger Cars
Light Commercial Vehicles
Heavy Commercial Vehicles
Electric Vehicle

Breakup by Sales Channel:

OEM
Aftermarket

Market Breakup by Region:

North America (United States, Canada)
Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
Latin America (Brazil, Mexico, Others)
Middle East and Africa

Who are the key players operating in the industry?

Alps Alpine Co Ltd
Continental AG
JPM Group
Nippon Seiki Co. Ltd.
Pricol Limited
Robert Bosch GmbH (Robert Bosch Stiftung GmbH)
Simco Auto Limited
Valid Manufacturing Ltd and Visteon Corporation.

If you require any specific information that is not covered currently within the scope of the report, we will provide the same as a part of the customization.

About Us

IMARC Group’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

Contact US

IMARC Group

134 N 4th St. Brooklyn, NY 11249, USA

USA: +1-631-791-1145 | Asia: +91-120-433-0800

Email: sales@imarcgroup.com

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Physical Security Market Size, Trends Analysis, Forecast 2023-2028

The latest research study “Physical Security Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028” by IMARC Group, finds that The global physical security market size reached US$ 116.8 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 171.4 Billion by 2028, exhibiting a growth rate (CAGR) of 6.4% during 2023-2028.

What is Physical security?

Physical security is crucial in safeguarding physical assets, personnel, software, hardware, networks, and property against various physical threats and actions that can result in significant loss or damage. These dangers encompass natural disasters, burglary, fires, floods, robberies, vandalism, terrorism, and theft. This solution relies on several interconnected systems to address these risks, including perimeter intrusion detection, access control, security systems, locks, deterrent measures, fire protection, CCTV surveillance, and security guards. In addition to this, it tracks security breaches, prevents unauthorized access, and instils trust and confidence. As a result, physical security finds widespread applications across various sectors, such as transportation, retail, information technology (IT), telecommunications, banking, financial services, and insurance (BFSI).

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Physical Security Market Trends and Drivers:

The increasing safety concerns and the launch of several policies by the government bodies to promote the installation of advanced video surveillance and access control systems to mitigate terrorism, crime incidents, and potential damage to infrastructure and people are primarily driving the physical security market. Besides this, the extensive utilization of drones, smart fence sensors, and mass notification systems (MNS) for surveillance purposes during major events or gatherings is further augmenting the market growth.

Moreover, the rising awareness toward the importance of physical security solutions in residential spaces, owing to growing incidents of theft and robbery, and the usage of automated home safety services that encompass features, such as door locking, intruder detection, fire detection, and LPG gas leakage detection, are also catalyzing the global market. Apart from this, the emerging trend of digitization and the escalating demand for cloud-based data storage are acting as significant growth-inducing factors. Furthermore, the integration of artificial intelligence (AI), which enables the identification of potential vulnerabilities by analyzing images, videos, and other data to distinguish threats from normal activities, is expected to bolster the physical security market in the coming years.

Physical Security Market 2023-2028 Analysis and Segmentation:

Competitive Landscape:

The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.

ADT LLC
Assa Abloy AB
Axis Communications AB (Canon Inc.)
Cisco Systems Inc.
Genetec Inc.
Hangzhou Hikvision Digital Technology Co. Ltd. (China Electronics Technology Group Corporation)
Honeywell International Inc.
Johnson Controls International
Pelco Incorporated (Motorola Solutions Inc.)
Robert Bosch GmbH (Robert Bosch Stiftung GmbH)
Senstar Corporation
Siemens AG and STANLEY Convergent Security Solutions Inc. (Stanley Black & Decker Inc.).

The report has segmented the market on the basis of component, enterprise size and industry vertical.

Breakup by Component:

System
Services

Breakup by Enterprise Size:

Large Enterprises
Small and Medium-sized Enterprises

Breakup by Industry Vertical:

Retail
Transportation
Residential
IT and Telecom
BFSI
Government
Others

Breakup by Region:

North America: (United States, Canada)
Asia Pacific: (China, Japan, India, South Korea, Australia, Indonesia, Others)
Europe: (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
Latin America: (Brazil, Mexico, Others)
Middle East and Africa

Key highlights of the report:

Market Performance (2017-2022)
Market Outlook (2023- 2028)
Porter’s Five Forces Analysis
Market Drivers and Success Factors
SWOT Analysis
Value Chain
Comprehensive Mapping of the Competitive Landscape

If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.

About Us:

Contact US

IMARC Group

134 N 4th St. Brooklyn, NY 11249, USA

USA: +1-631-791-1145 | Asia: +91-120-433-0800

Email: sales@imarcgroup.com

LinkedIn: https://www.linkedin.com/company/imarc-group/mycompany/

Used Cooking Oil Market Demand, Sales, Top Players, Report 2023-2028

How Big is The Used Cooking Oil Market?

IMARC Group, a leading market research company, has recently releases report titled, “Used Cooking Oil Market: Global Size, Share, Growth, Industry Trends, Opportunity and Forecast 2023-2028“, the global used cooking oil market size reached US$ 6.1 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 8.9 Billion by 2028, exhibiting a growth rate (CAGR) of 6.3% during 2023-2028.

What is Used cooking oil?

Used cooking oil, also known as waste vegetable oil, is previously used in cooking processes, such as frying. It is a renewable and potentially lower-cost energy source and has a higher percentage of free fatty acids compared to fresh oil and its viscosity increases due to polymerization and oxidation reactions. It supports energy security and promotes a shift toward renewable energy sources. It offers an economical source of nutrition in animal feed. It is used as a feedstock for biodiesel, a greener alternative to fossil fuels. It provides a cost-effective raw material and is used in soap production, especially in small-scale and artisanal operations.

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What are the growth prospects and trends in the used cooking oil industry?

The expansion of the food industry is leading to increasing cooking oil consumption, which represents one of the key factors positively influencing the market. Along with this, rapid urbanization is resulting in escalating food consumption in restaurants, which is contributing to the higher generation of used cooking oil. Additionally, the rising awareness among the masses about the importance of proper waste disposal, including cooking oil, is offering a favorable market outlook. Apart from this, used cooking oil is an ingredient in animal feed, which provides an economical and nutritional option for farmers. Furthermore, governing bodies of various countries are providing incentives for collecting and processing used cooking oil, which is creating a positive outlook for the market. They are also imposing several stringent environmental regulations against the disposal of used cooking oil in drains to encourage proper recycling and utilization. The regulatory bodies are enforcing fines and penalties for improper disposal to encourage businesses and households to participate in organized used cooking oil collection programs. Moreover, the rising utilization of used cooking oil in bio-lubricants as an eco-friendly alternative to petroleum-based products is strengthening the growth of the market. Besides this, the cultural shift towards recycling in communities is increasing the participation of individuals in used cooking oil collection programs, which is favoring market growth. In addition, the widespread adoption of used cooking oil in cosmetics and personal care products is supporting the market growth. Refined and processed used cooking oil is a source of fatty acids and emollients in skincare products. Furthermore, the introduction of advanced technologies that efficiently process used cooking oil into usable products lower costs and increases its economic value, is propelling market growth. Moreover, increasing collaboration with schools and universities to educate about the importance of used cooking oil recycling is creating awareness and promoting responsible disposal habits.

Who are the key players operating in the industry?

ABP Food Group
Arrow Oils Ltd
MBP Solutions Ltd.
OZ OILS Pty. Ltd.
Baker Commodities Inc.
Brocklesby Ltd
Grand Natural Inc.
Greasecycle, LLC
Valley Proteins, Inc.
Veolia Environment S.A.

The report has segmented the market on the basis of source, application and region.

Breakup by Source:

Household Sector
Commercial Sector

Breakup by Application:

Biodiesel
Oleo Chemicals
Animal feed
Others

Breakup by Region:

North America: (United States, Canada)
Asia Pacific: (China, Japan, India, South Korea, Australia, Indonesia, Others)
Europe: (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
Latin America: (Brazil, Mexico, Others)
Middle East and Africa

Key highlights of the report:

Market Performance (2017-2022)
Market Outlook (2023-2028)
Porter’s Five Forces Analysis
Market Drivers and Success Factors
SWOT Analysis
Value Chain
Comprehensive Mapping of the Competitive Landscape

If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.

About Us:

Contact US

IMARC Group

134 N 4th St. Brooklyn, NY 11249, USA

USA: +1-631-791-1145 | Asia: +91-120-433-0800

Email: sales@imarcgroup.com

LinkedIn: https://www.linkedin.com/company/imarc-group/mycompany/

Taxi Market Share, Statistics, Industry Forecast 2023-2028

How Big is The Taxi Market:

IMARC Group, a leading market research company, has recently releases report titled “Taxi Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028.” The global taxi market size reached US$ 221.1 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 298.3 Billion by 2028, exhibiting a growth rate (CAGR) of 4.93% during 2023-2028.

A taxi, commonly referred to as a cab, is a mode of transportation that provides on-demand services for passengers seeking convenient and efficient travel. It is generally characterized by its distinctive markings and is readily available for hire either through street hailing or advanced booking via mobile apps or phone calls. It is driven by professional drivers who are trained to navigate traffic and provide passengers with a safe and reliable means of reaching their destinations. As it is a cost-effective, flexible, and time-saving transportation solution for individuals, the demand for taxis is rising across the globe.

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Taxi Market Trends and Drivers:

At present, the increasing popularity of online apps to book taxis with a few taps on their smartphones due to enhanced convenience represents one of the key factors contributing to the growth of the market. Besides this, the rising preference for eco-friendly transportation solutions to reduce carbon footprint is strengthening the market growth. Moreover, the increasing adoption of efficient and accessible transportation services among the masses is bolstering the growth of the market. Apart from this, the rising integration of autonomous driving technologies in taxis to improve the safety of passengers and drivers is propelling the growth of the market. Furthermore, the growing popularity of ride-sharing, along with the wide availability of taxi-hailing apps, is offering a positive market outlook.

Who are The Key Players Operating in The Industry?

The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.

ANI Technologies Pvt. Ltd
Bolt Technologies OU
Curb Mobility LLC
Dubai Taxi Corporation
Flywheel
Free Now
Gojek Tech
Lyft Inc.
Nihon Kotsu Co. Ltd.
Uber Technologies Inc.

Booking Type:

Online Booking
Offline Booking

Service Type:

Ride Hailing
Ride Sharing

Vehicle Type:

Cars
Motorcycle
Others

By Geography:

North America: (United States, Canada)
Asia Pacific: (China, Japan, India, South Korea, Australia, Indonesia, Others)
Europe: (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
Latin America: (Brazil, Mexico, Others)
Middle East and Africa

Key highlights of the report:

Market Performance (2017-2022)
Market Outlook (2023- 2028)
Porter’s Five Forces Analysis
Market Drivers and Success Factors
SWOT Analysis
Value Chain
Comprehensive Mapping of the Competitive Landscape

If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.

About Us:

Contact US

IMARC Group

134 N 4th St. Brooklyn, NY 11249, USA

USA: +1-631-791-1145 | Asia: +91-120-433-0800

Email: sales@imarcgroup.com

LinkedIn: https://www.linkedin.com/company/imarc-group/mycompany/

Lithium Ion Battery Separator Market Size, Sales, Forecast 2023-2028

How Big Is The Lithium-Ion Battery Separator Market?

IMARC Group, a leading market research company, has recently releases report titled “Lithium-Ion Battery Separator Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028.” The global lithium ion battery separator market size reached US$ 6.3 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 11.5 Billion by 2028, exhibiting a growth rate (CAGR) of 10.3% during 2023-2028.

What are Lithium-Ion Battery Separator?

A lithium-ion (Li-ion) battery separator is a thin, porous, and insulating material that physically separates the positive and negative electrodes within a lithium-ion battery cell. It is made from various materials, including polyethylene (PE), polypropylene (PP), and ceramic-coated separators. It serves as a barrier to prevent direct electrical contact between the electrodes while allowing the flow of lithium ions throughout charging and discharging cycles. It helps to minimize electrode degradation, resulting in longer-lasting batteries with improved cycling capabilities. It also optimizes ion transport, reduces internal resistance, and improves energy density, charge-discharge rates, and overall battery efficiency.

What Are The Growth Prospects And Trends In The Lithium-Ion Battery Separator Industry?

At present, the increasing demand for Li-ion battery separators as they act as a barrier between electrodes, minimizing the risk of short circuits and preventing potential thermal runaway, which lead to battery fires or explosions, represents one of the crucial factors impelling the growth of the market. In addition, the growing purchase of electric vehicles (EVs) as they are sustainable and reduce the dependence on fossil fuels is offering a favorable market outlook. Besides this, the rising utilization of smartphones, tablets, laptops, and wearable devices is contributing to the growth of the market. Additionally, the increasing demand for lithium-ion batteries in energy storage systems and grid-level applications is supporting the growth of the market.

Who Are The Key Players Operating In The Industry?

The report covers the major market players including:

Asahi Kasei Corporation
Beijing SOJO Electric Co. Ltd.
Cangzhou Mingzhu Plastic Co. Ltd.
ENTEK International LLC
Mitsubishi Paper Mills Limited (Oji Paper Co. Ltd.)
Shanghai Energy New Materials Technology Co. Ltd.
SK Innovation Co. Ltd.
Sumitomo Chemical Co. Ltd.
Teijin Limited
Toray Industries Inc.
UBE Corporation
and W-SCOPE Corporation.

What Is Included In Market Segmentation?

The report has been segmented the market into following categories:

Breakup by Material:

Polypropylene (PP)
Polyethylene (PE)
Nylon
Others

Breakup by Thickness:

16µm
20µm
25µm

Breakup by End User:

Industrial
Consumer Electronics
Automotive
Others

Market Breakup by Region:

North America (United States, Canada)
Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
Latin America (Brazil, Mexico, Others)
Middle East and Africa

If you require any specific information that is not covered currently within the scope of the report, we will provide the same as a part of the customization.

About Us

Contact US

IMARC Group

134 N 4th St. Brooklyn, NY 11249, USA

USA: +1-631-791-1145 | Asia: +91-120-433-0800

Email: sales@imarcgroup.com

LinkedIn: https://www.linkedin.com/company/imarc-group/mycompany/

FMCG Packaging Market Share, Trends, Industry Growth Report 2023-2028

How Big is The FMCG Packaging Market?

IMARC Group, a leading market research company, has recently releases report titled “FMCG Packaging Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028 ” The global FMCG packaging market size reached US$ 716.3 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 943.0 Billion by 2028, exhibiting a growth rate (CAGR) of 4.41% during 2023-2028.

What is FMCG Packaging?

Fast-moving consumer goods (FMCG) packaging refers to the materials and design employed to encase and present products that are frequently purchased, used quickly, and have a relatively low cost. It encompasses both functional and aesthetic elements aimed at attracting consumers, safeguarding product quality, and facilitating efficient distribution. It is available as primary packaging, secondary packaging, and tertiary packaging, which is bulk transportation and storage, safeguarding products during distribution. It involves various aspects to consider during its creation, which encompass visual design, material selection, sustainability, safety, and regulatory compliance. It also encompasses aesthetic elements, which are selected to resonate with the target audience and reflect the identity of the brand. It shields products from external factors, such as moisture, light, and contaminants, ensuring their quality remains intact from manufacturing to consumption. FMCG packaging safeguards products from damage, spoilage, and tampering, ensuring their quality upon purchase. It conveys essential information like ingredients, usage instructions, and nutritional facts, enabling informed consumer choices. It serves as a powerful marketing tool, creating a first impression that influences purchasing decisions. It also fosters recognition, allowing consumers to quickly identify their preferred products amidst a crowded shelf.

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What are the growth prospects and trends in the FMCG Packaging industry?

At present, the increasing demand for sustainable packaging solutions made from recyclable materials to reduce the carbon footprint and prevent landfill accumulation represents one of the crucial factors impelling the growth of the market. Besides this, the rising production of single-serve and portable packaging formats, which are convenient and suitable for packing quick snacks for on-the-go consumption, is supporting the growth of the market. In addition, the growing demand for innovative packaging designs in the e-commerce sector that ensure product safety during transit while enhancing the unboxing experience for online shoppers is offering a favorable market outlook. Apart from this, increasing technological advancements in printing techniques and materials enabling customization and personalization of packaging and allowing brands to establish a more direct connection with consumers are contributing to the growth of the market. Additionally, the rising popularity of smart packaging that integrates technology like quick response (QR) codes and radio frequency identification (RFID) tags and offers additional information and engagement opportunities for consumers is strengthening the growth of the market. Moreover, the increasing awareness about the requirement of using food-safe packaging materials that comply with health and safety standards is propelling the growth of the market. Furthermore, the rising automation of packaging activities in the food and beverage (F&B) sector due to the increasing focus on maintaining hygiene and safety in packaging is bolstering the growth of the market.

What is included in market segmentation?

The report has segmented the market into the following categories:

Breakup by Packaging Type:

Flexible Packaging
Rigid Packaging

Breakup by Material:

Paper
Plastic
Metal
Glass
Others

Breakup by End Use Industry:

Food and Beverages
Cosmetic and Personal Care
Others

Market Breakup by Region:

North America (United States, Canada)
Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
Latin America (Brazil, Mexico, Others)
Middle East and Africa

Who are the key players operating in the industry?

Albéa Group
Amcor plc
AptarGroup Inc.
Ball Corporation
Berry Global Inc.
Consol Glass (Pty) Ltd
Crown Holdings Inc.
DS Smith PLC, Graham Packaging Company
Sealed Air Corporation
Sonoco Products Company
Tetra Pak International S.A.
Toyo Seikan Group Holdings Ltd.

If you require any specific information that is not covered currently within the scope of the report, we will provide the same as a part of the customization.

About Us

Contact US

IMARC Group

134 N 4th St. Brooklyn, NY 11249, USA

USA: +1-631-791-1145 | Asia: +91-120-433-0800

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Hemp Milk Market Share, Demand, Sales, Forecast 2023-2028

How big is the Hemp Milk Market?

IMARC Group, a leading market research company, has recently releases report titled “Hemp Milk Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028.” The global hemp milk market size reached US$ 258.78 Million in 2022. Looking forward, IMARC Group expects the market to reach US$ 518.62 Million by 2028, exhibiting a growth rate (CAGR) of 12.19% during 2023-2028.

What is Hemp Milk?

Hemp milk is a plant-based beverage that is derived from hemp seeds from a cannabis sativa plant. It comprises minimal levels of tetrahydrocannabinol (THC), which makes it safe and legal for consumption. It is rich in essential nutrients, such as omega-3 and omega-6 fatty acids, proteins, vitamins, calcium, magnesium, and vitamin D, which are beneficial for heart health. It has a creamy texture and nutty flavor and is suitable for individuals with lactose intolerance or dairy allergies. As it is widely utilized in various culinary applications, such as smoothies, coffee beverages, and cereal, the demand for hemp milk is rising across the globe.

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What are the growth prospects and trends in the industry?

Presently, the increasing popularity of hemp milk among health-conscious consumers that are seeking plant-based alternatives represents one of the key factors contributing to the growth of the market. Moreover, the growing demand for dairy-free and vegan-friendly alternatives to traditional animal milk is offering a positive market outlook. Apart from this, the rising awareness about the environmental impact of conventional dairy farming practices is offering lucrative growth opportunities to industry investors. In addition, the increasing prevalence of lactose intolerance and dairy allergies among individuals is bolstering the growth of the market. Furthermore, key players are introducing flavored hemp milk options, such as vanilla and chocolate, to cater to diverse consumer preferences, which is strengthening the growth of the market.

What is included in market segmentation?

The report has segmented the market into the following categories:

Breakup by Variant:

Flavored
Unflavored

Breakup by Type:

Sweetened
Unsweetened

Breakup by Category:

Organic
Conventional

Breakup by Distribution Channel:

Supermarkets and Hypermarkets
Convenience Stores
Specialty Stores
Online Stores

Market Breakup by Region:

North America (United States, Canada)
Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
Latin America (Brazil, Mexico, Others)
Middle East and Africa

Who are The Key Players Operating in The Industry?

Good Hemp Food
Goodmylk Co.
Hudson River Foods
Living Harvest Foods Inc
Manitoba Harvest Hemp Foods
Pacific Foods of Oregon Inc and Sunopta Inc.

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